EAGLE BULK SHIPPING INC (EGLE)
MHY2187A1507 - Common Stock
Overall EGLE gets a fundamental rating of 3 out of 10. We evaluated EGLE against 30 industry peers in the Marine Transportation industry. While EGLE is still in line with the averages on profitability rating, there are concerns on its financial health. EGLE has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
EGLE had positive earnings in the past year.
In the past year EGLE had a positive cash flow from operations.
In multiple years EGLE reported negative net income over the last 5 years.
In the past 5 years EGLE always reported a positive cash flow from operatings.
1.2 Ratios
EGLE's Return On Assets of 1.97% is on the low side compared to the rest of the industry. EGLE is outperformed by 63.33% of its industry peers.
EGLE's Return On Equity of 3.77% is on the low side compared to the rest of the industry. EGLE is outperformed by 63.33% of its industry peers.
EGLE has a Return On Invested Capital of 1.58%. This is in the lower half of the industry: EGLE underperforms 60.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EGLE is significantly above the industry average of 6.95%.
The last Return On Invested Capital (1.58%) for EGLE is well below the 3 year average (13.11%), which needs to be investigated, but indicates that EGLE had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.97% | ||
| ROE | 3.77% | ||
| ROIC | 1.58% |
ROA(3y)12.81%
ROA(5y)6.53%
ROE(3y)20.53%
ROE(5y)9.93%
ROIC(3y)13.11%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 5.75%, EGLE is doing worse than 63.33% of the companies in the same industry.
EGLE's Profit Margin has improved in the last couple of years.
The Operating Margin of EGLE (4.76%) is worse than 73.33% of its industry peers.
In the last couple of years the Operating Margin of EGLE has declined.
EGLE has a Gross Margin (42.32%) which is in line with its industry peers.
In the last couple of years the Gross Margin of EGLE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.76% | ||
| PM (TTM) | 5.75% | ||
| GM | 42.32% |
OM growth 3YN/A
OM growth 5Y-16.99%
PM growth 3YN/A
PM growth 5Y7.27%
GM growth 3Y5.52%
GM growth 5Y-2.53%
2. Health
2.1 Basic Checks
EGLE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for EGLE has been reduced compared to 1 year ago.
Compared to 5 years ago, EGLE has less shares outstanding
The debt/assets ratio for EGLE is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.94, we must say that EGLE is in the distress zone and has some risk of bankruptcy.
EGLE's Altman-Z score of 0.94 is on the low side compared to the rest of the industry. EGLE is outperformed by 60.00% of its industry peers.
A Debt/Equity ratio of 0.55 indicates that EGLE is somewhat dependend on debt financing.
EGLE has a Debt to Equity ratio (0.55) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.94 |
ROIC/WACC0.2
WACC7.96%
2.3 Liquidity
EGLE has a Current Ratio of 0.89. This is a bad value and indicates that EGLE is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of EGLE (0.89) is worse than 73.33% of its industry peers.
A Quick Ratio of 0.77 indicates that EGLE may have some problems paying its short term obligations.
EGLE has a Quick ratio of 0.77. This is amonst the worse of the industry: EGLE underperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The earnings per share for EGLE have decreased strongly by -91.14% in the last year.
Measured over the past years, EGLE shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.76% on average per year.
The Revenue for EGLE has decreased by -45.29% in the past year. This is quite bad
Measured over the past years, EGLE shows a small growth in Revenue. The Revenue has been growing by 4.89% on average per year.
EPS 1Y (TTM)-91.14%
EPS 3YN/A
EPS 5Y-2.76%
EPS growth Q2Q-50.44%
Revenue 1Y (TTM)-45.29%
Revenue growth 3Y12.7%
Revenue growth 5Y4.89%
Revenue growth Q2Q-30.92%
3.2 Future
Based on estimates for the next years, EGLE will show a very strong growth in Earnings Per Share. The EPS will grow by 140.51% on average per year.
Based on estimates for the next years, EGLE will show a small growth in Revenue. The Revenue will grow by 0.74% on average per year.
EPS Next Y340.13%
EPS Next 2Y140.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.65%
Revenue Next 2Y14.97%
Revenue Next 3Y0.74%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 44.71, the valuation of EGLE can be described as expensive.
Based on the Price/Earnings ratio, EGLE is valued a bit more expensive than 70.00% of the companies in the same industry.
EGLE is valuated expensively when we compare the Price/Earnings ratio to 24.80, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.16 indicates a reasonable valuation of EGLE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EGLE indicates a slightly more expensive valuation: EGLE is more expensive than 60.00% of the companies listed in the same industry.
EGLE is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.27, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.71 | ||
| Fwd PE | 10.16 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EGLE indicates a slightly more expensive valuation: EGLE is more expensive than 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.21 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as EGLE's earnings are expected to grow with 140.51% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y140.51%
EPS Next 3YN/A
5. Dividend
5.1 Amount
EGLE has a Yearly Dividend Yield of 3.83%. Purely for dividend investing, there may be better candidates out there.
EGLE's Dividend Yield is comparable with the industry average which is at 7.61.
EGLE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
5.2 History
The dividend of EGLE decreases each year by -72.39%.
EGLE has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-72.39%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
74.07% of the earnings are spent on dividend by EGLE. This is not a sustainable payout ratio.
DP74.07%
EPS Next 2Y140.51%
EPS Next 3YN/A
EAGLE BULK SHIPPING INC
NYSE:EGLE (4/8/2024, 7:04:01 PM)
After market: 62.6 0 (0%)62.6
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
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Market Cap692.98M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
Dividend Growth(5Y)
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Surprises & Revisions
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.71 | ||
| Fwd PE | 10.16 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.13
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.97% | ||
| ROE | 3.77% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.76% | ||
| PM (TTM) | 5.75% | ||
| GM | 42.32% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-91.14%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y340.13%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-45.29%
Revenue growth 3Y12.7%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
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